Tecnoglass Inc. (NASDAQ:TGLS) Receives Consensus Rating of “Buy” from Analysts

Shares of Tecnoglass Inc. (NASDAQ:TGLS) have been assigned an average rating of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $62.17.

TGLS has been the subject of a number of recent analyst reports. DA Davidson upped their price objective on Tecnoglass from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, August 13th. Sidoti raised shares of Tecnoglass from a “neutral” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Wednesday, June 26th. Stifel Nicolaus raised their price objective on shares of Tecnoglass from $50.00 to $59.00 and gave the stock a “hold” rating in a report on Friday, August 9th. Finally, Robert W. Baird boosted their target price on shares of Tecnoglass from $68.00 to $76.00 and gave the company an “outperform” rating in a research note on Tuesday, September 17th.

Institutional Trading of Tecnoglass

Institutional investors have recently modified their holdings of the business. William Blair Investment Management LLC raised its holdings in Tecnoglass by 232.8% during the 1st quarter. William Blair Investment Management LLC now owns 1,614,780 shares of the company’s stock valued at $84,017,000 after acquiring an additional 1,129,603 shares during the period. Owls Nest Partners IA LLC grew its position in shares of Tecnoglass by 200.1% in the fourth quarter. Owls Nest Partners IA LLC now owns 577,765 shares of the company’s stock valued at $26,410,000 after purchasing an additional 385,265 shares in the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Tecnoglass by 219.7% during the 2nd quarter. Ensign Peak Advisors Inc now owns 218,189 shares of the company’s stock valued at $10,949,000 after purchasing an additional 149,933 shares during the period. Dimensional Fund Advisors LP boosted its stake in Tecnoglass by 12.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 884,527 shares of the company’s stock worth $44,385,000 after purchasing an additional 96,602 shares during the period. Finally, Clearbridge Investments LLC grew its holdings in Tecnoglass by 27.6% during the 4th quarter. Clearbridge Investments LLC now owns 380,963 shares of the company’s stock valued at $17,414,000 after buying an additional 82,508 shares in the last quarter. 37.35% of the stock is currently owned by hedge funds and other institutional investors.

Tecnoglass Stock Performance

Shares of TGLS stock opened at $68.65 on Friday. Tecnoglass has a one year low of $28.21 and a one year high of $69.79. The company has a market cap of $3.23 billion, a P/E ratio of 19.78 and a beta of 1.86. The firm has a 50-day moving average of $58.05 and a 200-day moving average of $53.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.43 and a quick ratio of 1.80.

Tecnoglass (NASDAQ:TGLS) last posted its earnings results on Thursday, August 8th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. The firm had revenue of $219.65 million for the quarter, compared to analysts’ expectations of $219.29 million. Tecnoglass had a net margin of 17.97% and a return on equity of 28.12%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.12 EPS. Equities research analysts forecast that Tecnoglass will post 3.42 EPS for the current fiscal year.

Tecnoglass Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Monday, September 30th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.44 annualized dividend and a dividend yield of 0.64%. Tecnoglass’s payout ratio is 12.68%.

Tecnoglass Company Profile

Tecnoglass Inc manufactures, supplies, and installs architectural glass, windows, and associated aluminum and vinyl products for commercial and residential construction markets in Colombia, the United States, Panama, and internationally. The company provides low emissivity, laminated/thermo-laminated, thermo-acoustic, tempered, silk-screened, curved, and digital print glass products.